Crude oil drops to $67 per barrel

6:11 am August 17, 2009| Last Modified: 6:11 am August 17, 2009

New York, NY (BBN)- Crude oil declined to a two week low of USD 67.00 per barrel in the New York Mercantile Exchange due to diminished seasonal demand and increased US fuel inventory.

Gold declined on eroding demand for precious metals as an alternative investment.

BBN/SS/SI/AD-17August09-1:12 pm (BST)

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Currency	Selling	Buying
USD	83.90	82.25
GBP	112.09	109.57
EUR	98.81	96.59
JPY	0.7484	0.7236
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	Price	Change
GOLD (US $/Oz)	1289.80	-2.3999
SILVER (US $/Oz)	17.075	-0.037
COPPER(US$/MT)	3.133	-0.004
OIL (US$/bbl.)	57.95	-0.07
COTTON # 2 (US$/lb)	71.04	0.90
WHEAT (CBOT) (USD/bu)	440.75	UNCH
PALM OIL (USD/MT)	2644	22
SOYBEAN OIL (US$/lb)	997.25	UNCH
SUGAR #11 (US$/lb)	15.25	0.37
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Crude oil drops to $67 per barrel

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